State Council Unveils 12 Measures to Boost Service Consumption and Drive New Growth Areas

The U.S. side declared that if Canada reaches a new trade agreement with China, it will impose tariffs of up to 100% on goods imported from Canada. In response, Foreign Ministry spokesperson Guo Jiakun stated that China and Canada are committed to building a new-type strategic partnership and have reached a series of specific arrangements to properly handle economic and trade issues between the two countries. These measures are not targeted at any third party.

The European Union and India have successfully signed a free trade agreement. Under the agreement, India will eliminate or reduce tariffs on 96.6% of goods exported from the EU to its domestic market. Notably, automobile tariffs will undergo a gradual reduction process, decreasing from the original 110% to a final rate of 10%. At the same time, the EU has committed to eliminating or lowering tariffs on 99.5% of goods imported from India over the next seven years.

According to data released by the National Bureau of Statistics (NBS), the total profits of industrial enterprises above the designated size nationwide reached 7.4 trillion yuan in 2025, an increase of 0.6% compared to the previous year, successfully reversing the previous three consecutive years of decline. Specifically, in December, the profit situation of industrial enterprises above the designated size improved significantly, shifting from a 13.1% decline in November to a 5.3% growth.